U.S. Man Faces up to five Years in jail for ‘Unlicensed’ Bitcoin revenue via LocalBitcoins

A U.S. citizen has pled responsible earlier than a federal court to working an “unlicensed cash transmitting business” via LocalBitcoins.com, in response to a branch of Justice (DoJ) press unlock posted Oct. 29.

the man, Jacob Burrell Campos, has reportedly admitted to “selling lots of of hundreds of greenbacks” in (BTC) “to over 1,000 purchasers” in the U.S. between Jan. 2015-April 2016, therefore deemed to conveniently be working what the DoJ characterizes as an unregistered “Bitcoin trade.”

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